COPT Defense Properties (CDP) Scheduled to Post Earnings on Monday

COPT Defense Properties (NYSE:CDP) is scheduled to be releasing its earnings data after the market closes on Monday, October 28th. Analysts expect COPT Defense Properties to post earnings of $0.64 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

COPT Defense Properties (NYSE:CDP) last released its quarterly earnings results on Monday, July 29th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.33). The business had revenue of $187.34 million during the quarter, compared to analyst estimates of $166.11 million. COPT Defense Properties had a negative net margin of 15.75% and a negative return on equity of 7.52%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.60 earnings per share. On average, analysts expect COPT Defense Properties to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

COPT Defense Properties Stock Up 0.8 %

CDP stock opened at $32.29 on Friday. The company’s 50 day simple moving average is $30.32 and its 200-day simple moving average is $27.01. The firm has a market capitalization of $3.64 billion, a PE ratio of -29.74 and a beta of 0.99. COPT Defense Properties has a 12 month low of $22.20 and a 12 month high of $32.51. The company has a debt-to-equity ratio of 1.56, a current ratio of 3.17 and a quick ratio of 3.17.

COPT Defense Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were given a dividend of $0.295 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.18 dividend on an annualized basis and a yield of 3.65%. COPT Defense Properties’s dividend payout ratio (DPR) is currently -109.26%.

Insiders Place Their Bets

In other COPT Defense Properties news, COO Britt A. Snider bought 1,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were acquired at an average price of $29.41 per share, with a total value of $29,410.00. Following the purchase, the chief operating officer now owns 2,000 shares in the company, valued at approximately $58,820. The trade was a 100.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Truist Financial raised their target price on shares of COPT Defense Properties from $27.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, August 29th. Evercore ISI raised their target price on shares of COPT Defense Properties from $28.00 to $33.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. raised their target price on shares of COPT Defense Properties from $26.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 4th. Wedbush raised their target price on shares of COPT Defense Properties from $28.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Finally, Wells Fargo & Company decreased their target price on shares of COPT Defense Properties from $33.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 11th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

About COPT Defense Properties

COPT Defense, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government (USG) defense installations and missions (referred to as its Defense/IT Portfolio). The Company's tenants include the USG and their defense contractors, who are primarily engaged in priority national security activities, and who generally require mission-critical and high security property enhancements.